$BTC

Bitcoin is currently trading around $104,000 - $105,000 USD. The past few days have seen a decline in BTC's price, partially driven by escalating geopolitical tensions in the Middle East.

Technical analysis indicates that Bitcoin is hovering around a key support area at $104,000. If the selling pressure continues, we may see a test of the important psychological support level at $100,000. However, there are signs that institutional demand may help sustain this level.

Liquidity and volume in the current market reflect some hesitation, indicating a consolidation phase. In the short term, there may be opportunities for quick trades around support and resistance levels, but investors prefer to exercise caution given the current risks.